OXY Options History — March 2026

In March 2026, OXY traded between $53.16 and $66.17. ATM implied volatility averaged 40.1%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 0.9% (HV 20d: 40.9%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2026-03-09: Highest Volume — 283,193 contracts
  • 2026-03-12: Largest IV spike — 10.0% change
  • 2026-03-30: Highest IV Rank — 40.3%
  • 2026-03-12: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.38$53.16$66.17$54.04$64.69
Max Pain$47.26$45.00$50.00$45.00$50.00
ATM IV40.1%36.3%44.1%42.4%42.4%
Expected Move11.7%10.3%16.0%12.9%12.2%
HV 20d40.9%32.4%48.0%47.3%34.3%
HV 60d37.7%36.7%39.3%37.2%38.0%
IV Rank31.9%23.9%40.3%37.0%36.7%
IV Percentile88.8%79.0%94.4%94.0%93.7%
Term Structure-0.2%-2.2%1.4%-2.2%1.3%
VWIV41.1%36.5%46.7%46.7%43.8%
Skew 25d1.2%-0.6%6.2%0.4%1.4%
Skew 10d1.0%-7.4%16.8%-0.7%3.4%
Call IV 25d40.9%36.3%44.8%42.5%42.5%
Put IV 25d42.1%38.7%45.3%42.9%43.8%
Bid-Ask Spread %22.729.6642.0330.1314.05
Gamma HHI0.160.090.370.100.14
Net GEX60.3M34.6M112.1M36.2M73.7M
Net DEX-1.80B-2.73B-1.03B-1.33B-2.36B
Net VEX-8.2M-9.3M-7.0M-7.0M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.100.480.190.40
Total Volume121,595.85749,119283,193173,221181,746
Total OI924,814.524799,2441,014,133799,2441,013,197

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$54.04$45.0042.4%12.9%47.3%37.0%46.7%0.4%-2.2%36.2M-1.33B-7.0M0.1930.13N/AN/A145,36827,853511,978287,266
2026-03-03$53.67$45.0042.4%12.8%45.6%37.0%45.4%0.5%-0.7%41.4M-1.30B-7.3M0.1932.76N/AN/A91,50317,364556,236293,758
2026-03-04$53.69$45.0038.5%11.7%45.1%28.6%42.5%1.5%-1.4%44.8M-1.29B-7.2M0.2832.65N/AN/A39,50111,020564,879300,502
2026-03-05$53.30$45.0039.1%10.7%44.6%30.0%38.7%-0.2%-0.4%43.4M-1.23B-7.2M0.1540.72N/AN/A62,8559,745569,620303,769
2026-03-06$53.86$45.0042.3%11.7%42.2%36.9%41.8%-0.1%-1.0%82.5M-1.34B-7.5M0.1440.69N/AN/A120,87717,380592,463306,541
2026-03-09$54.67$47.5041.7%11.4%42.0%35.5%40.9%2.5%-1.4%39.2M-1.43B-7.6M0.1042.03N/AN/A258,30224,891567,533300,977
2026-03-10$53.16$47.5038.8%11.1%43.9%29.2%40.2%1.0%0.7%34.6M-1.03B-7.7M0.4235.73N/AN/A65,10427,198567,848312,876
2026-03-11$55.48$45.0038.1%10.8%45.4%27.8%38.0%0.7%-0.7%53.8M-1.42B-7.8M0.3438.59N/AN/A68,21422,861585,105317,861
2026-03-12$58.52$45.0041.9%16.0%48.0%36.1%42.8%0.5%-0.1%62.3M-2.02B-8.0M0.179.66N/AN/A215,60137,249605,190326,172
2026-03-13$57.88$45.0040.6%12.3%45.5%33.1%41.9%0.1%0.4%69.6M-1.95B-8.5M0.3414.91N/AN/A76,51625,711659,206341,349
2026-03-16$57.24$47.5038.3%10.9%46.2%28.1%39.5%0.9%0.4%52.7M-1.67B-8.2M0.2511.02N/AN/A60,98015,144620,127334,066
2026-03-17$57.64$47.5036.3%10.4%45.9%23.9%36.5%2.4%0.6%58.7M-1.72B-8.3M0.439.86N/AN/A35,25915,282636,823338,631
2026-03-18$58.40$47.5036.7%10.3%45.6%24.7%37.1%2.4%0.5%62.1M-1.86B-8.3M0.2713.12N/AN/A52,92514,328639,567344,772
2026-03-20$60.80$47.5039.8%11.5%34.6%31.4%41.1%0.5%-1.2%112.1M-2.29B-8.4M0.1810.39N/AN/A138,95924,611653,625360,508
2026-03-23$60.37$47.5039.4%11.4%34.8%30.6%40.2%1.9%-1.3%54.6M-1.78B-8.7M0.2614.42N/AN/A63,73316,520583,630298,256
2026-03-24$61.17$50.0038.5%11.1%34.7%28.7%39.1%0.4%0.1%62.4M-1.93B-8.7M0.3517.75N/AN/A75,13226,400593,900303,953
2026-03-25$62.03$50.0037.4%10.6%34.4%26.3%37.8%2.1%0.6%74.3M-2.09B-8.8M0.3416.27N/AN/A36,65912,460622,332315,289
2026-03-26$64.10$50.0040.0%11.6%33.2%31.9%41.5%6.2%1.4%73.4M-2.53B-8.8M0.4822.42N/AN/A85,95941,057630,220320,991
2026-03-27$65.20$50.0042.3%12.0%33.2%36.4%42.5%0.6%0.4%73.2M-2.73B-8.9M0.1415.96N/AN/A134,30218,519648,349336,430
2026-03-30$66.17$50.0044.1%12.6%32.4%40.3%45.2%-0.6%0.0%61.5M-2.59B-9.1M0.1914.01N/AN/A115,86422,561635,351319,959
2026-03-31$64.69$50.0042.4%12.2%34.3%36.7%43.8%1.4%1.3%73.7M-2.36B-9.3M0.4014.05N/AN/A129,79151,955682,954330,243